Newsec acquires Danish DATEA

Newsec, the leading company within Property Asset Management and Advisory in northern Europe buys DATEA, Denmark’s market leader within commercial real estate. With this, Newsec solidifies the position in the Nordic market and offers further possibilities to work seamlessly across borders. The selling company, DADES, remains one of the biggest clients.

With the addition of DATEA, Newsec has some 1 400 co-workers, approx. EUR 39 billion under management, every year signs lease agreements of some 600 000 square meters, manages transactions of more than EUR 3 billion and does real estate valuations of underlying property worth more than EUR 100 billion per year. Newsec is present in all the Nordic and Baltic countries with a full-range offering to portfolio, as well as single project, clients.

Going forward, Property Asset Management services will be provided in Denmark under the Newsec brand as Newsec Datea and Flemming B. Engelhardt will be the head of that business. Newsec invests heavily in digitalization and new technology to stay ahead of competition and offer the best solutions to the local market.

Newsec – The Full Service Property House in Northern Europe – offers real estate owners, investors and tenants a full range of services. Newsec was founded in 1994 and is today a partner-owned company with some 1 400 co-workers in 41 offices. Newsec has approx. SEK 370 billion under management and annually signs lease agreements of some 600 000 square meters, manages transactions of more than SEK 30 billion and does real estate valuations of underlying property worth more than SEK 1000 billion. Thanks to large volumes, local presence combined with in-depth understanding of a range of businesses, Newsec has a unique expertise of the real estate market in northern Europe.

The market report Newsec Property Outlook has been published since 2001. Download the latest issue at www.newsec.com/npo